Yigit Taha OZTURK 
After Trump’s election victory, Bitcoin surged to a new record of $75,400, gaining strong momentum. QCP Capital, a prominent Asia-based investment firm in the crypto market, analyzed this rise and stated, “As we move towards 2025, we expect this upward momentum to continue.”
In its statement, QCP Capital highlighted that since Bitcoin’s launch in 2009, three U.S. presidential elections have taken place, and after each election, Bitcoin’s price never returned to the lows seen during the previous election period. The company added, “There’s notable activity in the crypto market. After every U.S. election in Bitcoin’s history, it has reached new highs and has never returned to the previous election’s low. Therefore, we believe this rise will continue as we approach 2025.” QCP Capital emphasized that investors have strong expectations for continued growth.
Meanwhile, the effects of this rise are being observed not only in Bitcoin but also across other actors in the crypto ecosystem. Significant increases have been seen in the stock prices of Bitcoin mining companies, as well as notable gains in the stock values of Tesla and media companies owned by Donald Trump. This phenomenon, referred to as the “Trump trade,” indicates that the Republican presidential candidate’s dominance in the election is directly reflected in the crypto market.
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At the time this report was written, Bitcoin continues to trade at around $73,900. Market analysts and investors have optimistic expectations that this momentum will continue into the new year.
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